Audit, Review and Compilation ServicesPAG financial statement services encompass various levels of assurances depending on your company's needs.
- Audits offer the highest level of assurances to third parties and the audited company. An audit includes an in-depth examination and confirmation of account balances: cash, inventory and selected transactions. We perform audits to ascertain the validity and reliability of your financial statements. The objective of an audit is the expression of an opinion on the company's financial statements.
- Reviews provide limited assurances to third parties and client. A review includes inquiries of company personnel and different analytical procedures applied to the company's financial data. Reviews provide limited assurances that there are no material modifications that should be made to the company financial statements.
- Compilations are generally limited to presenting in the form of financial statements information that is the representation of the company's management. Compilations do not provide assurances but may involve some adjustment to the company's accounting records.